MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, March 11, 2011 Coming Soon: Pimco Total Return 4, With Less Leverage! Fundsters who keep an eye on Bill Gross' $237 billion Pimco Total Return Fund [see profile] will soon have a new version to watch. Bloomberg reports that the bond mutual fund titan filed to launch a fourth Total Return Fund, one that doesn't invest in high-yield debt or options and doesn't borrow to create leverage. This is not the first time that Gross has offered investors an alternate version of his famous flagship. According to Bloomberg, Total Return II and Total Return III both launched in 1991. II, like the planned IV, can't invest in high-yield bonds, while III is a socially conscious version. Bloombeg argues that the new fund may be more appealing to more convservative investors. Printed from: MFWire.com/story.asp?s=36239 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |